The Economic Times

Geopolitical Earthquake: UAE quits OPEC to defy Saudi energy dominance, says analysis

The UAE has exited OPEC and OPEC+, ending decades of Saudi economic influence. Analysts call it a political rebellion prioritizing market share and independent foreign policy towards the US, Israel, and Asia. This move aims to monetize oil reserves before they become stranded assets and fund a green economy transition, potentially reshaping regional energy dynamics and challenging Saudi Arabia's dominance.